FameEX Morning Crypto News Recap | February 27, 2025
Trump Unveils 25% Tariffs on EU Imports
President Trump announced a 25% tariff on EU imports, particularly targeting auto imports. He criticized the European Union, claiming it was created to undermine the U.S. The tariffs were introduced during a Cabinet meeting on Wednesday and will apply broadly across various sectors.
SEC Concludes Investigation into OpenSea
The SEC has ended its investigation into OpenSea, which was accused in August 2024 of trading unregistered securities. OpenSea CEO Devin Finzer called the decision a victory for innovators, as no further action will be taken against the NFT marketplace.
US House Committee Seeks to Repeal IRS Tax Rules for DeFi
A U.S. House committee has taken steps to repeal IRS tax rules targeting decentralized finance (DeFi). The rules require DeFi protocols to report transactions like brokers, but the crypto industry argues they are unfair, unenforceable, and may impact entities that shouldn’t be included under the regulations.
A V-Shape Rebound in Bitcoin Would Confirm It Remains in a Bull Market
Analyst PlanB stated on February 26 that a V-shaped rebound after the current decline would confirm the ongoing bull market. He noted that bull markets typically experience 20%-30% declines, followed by a sharp V-shaped recovery.
Bitcoin's Top Holders Sell 25,740 BTC in the Last Week
IntoTheBlock reported that addresses holding 10,000 to 100,000 Bitcoins sold 25,740 BTC in the past week. Despite this, overall on-chain data indicates Bitcoin addresses are accumulating, with many traders seizing lower prices as an opportunity to increase their BTC holdings.
Around 3 Million Bitcoins in Unrealized Loss, Hitting Highest Level Since 2018
Foresight News reports that around 3 million bitcoins are experiencing unrealized losses, marking the highest level since 2018.
Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.